emeafinance News - October 2009
ADIB appoints new head of branches
Abu Dhabi Islamic Bank makes Sameh Awadhallah head of branches.
Management changes at Global Investment House
Rajiv Nakani named head of alternative asset management.
Evraz Group places R20bn bond
Russian steelmaker opened book on debut local bond earlier this month.
HSBC Middle East hires head of equities
Bank creates new position to strengthen global equities business in key emerging market.
CVC Capital Partners buys into beer
Global brewer ABI sells Central European operations.
US$1bn sukuk for TDIC
Infrastructure company issues Gulf's largest corporate sukuk this year.
QIB closes Islamic facility with Qatari Diar
US$1.1bn syndicated facility will finance European investments.
Ithmaar goes Islamic
Bahraini bank takes over Islamic subsidiary in reorganisation.
Ukraine's IMF bailout in doubt
Fund says new wage law must be vetoed if next loan tranche is to be released.
GFH raises US$150mn in ongoing rights issue
Gulf Finance House confirms early receipt of new capital.
EBRD sees fragile recovery in 2010
The bank's transition report revises down 2009 economic forecasts.
Investment Dar appoints chief restructuring officer
Kuwait investment company continues restructuring effort.
New litigation head for Clifford Chance
Law firm promotes Middle East managing partner to global role.
Ecobank and Afreximbank join forces
Institutions to cooperate on trade and project finance offerings.
New Islamic investment firm launched
Fajr Capital backed by institutions with initial capital of US$600mn.
New EMEA banking heads for Citi
Two long-term insiders step in to replace Tom King.
Renaissance Capital issues US$1bn Eurobond
Russian investment bank's programme assigned 'B' rating from Fitch.
Citadel Capital expands management team
Cairo-based equity firm hires Azab and Mansour to manage new deals.
Nigerian bank fallout continues
"Never let the CEOs get away with it," says central bank governor.
StanChart and OFID launch trade finance offering
Risk-sharing programme should generate US$2bn in trade per year.
Optimism for stronger African recovery
World Bank director hopes "it will be different this time".
Emerging Europe's debt refinancings loom
A "weak, jobless recovery" remains a danger, says World Bank.
Clifford Chance advises Polish CO2 project
Poland’s first carbon storage project secures legal adviser.
Deutsche Bank strengthens CEE business
Bank hires new Czech country officer and opens subsidiary in Ukraine.
Rasmala makes executive appointments
Middle Eastern bank hires Kutaifan and Kidd to head corporate finance and private equity teams.
Ecobank Transnational names new chairman
African bank announces appointment of Kolapo Lawson and other senior hires.
World Bank president urges reform
No time for complacency, warns Zoellick at annual meetings.
